US December pending home sales +2.5% vs -0.9% expected
Prior was -4.0% (revised to -2.6%) Index 76.9 vs 73.9 prior This is the first improvement since May Full report This is December data but there’s increasing talk of better home-buying traffic in January as consumers see rates in the low 6s. “This recent low point in home sales activity is likely over,” said NAR […]
US existing home sales for December 4.02M vs 3.96M estimate
<ul><li>Existing home sales 4.02M va 3.96M estimate</li><li>Prior month 4.08M vs 4.09M previously reported. </li><li>Sales are down -1.5% MoM</li><li>11th straight month decline</li><li>Supply at 2.9 months with a more balanced market being 4.6 months</li><li>Median sale price $366,900 that is up 2.3% from December 2021</li><li>2022 existing home sales 5.03M units -17.8% from 2021 (6.12M units)</li></ul><p>Existing home sales are […]
Mortgage rates fall to lowest level since September 2022 and here’s how the Girl Scouts will keep women rolling in dough throughout their lives — beyond selling cookies
Hi, MarketWatchers. Don’t miss these top stories.Mortgage rates fall to lowest level since September 2022 — giving ‘much-needed boost’ to housing market The 30-year mortgage rate is averaging at 6.15%, Freddie Mac said in its latest weekly survey on Thursday. Read More ‘I have $30K in my savings account’: I’m 56, divorced, unemployed and mother […]
Egypt’s soaring prices drive home economic pain By Reuters
5/5 © Reuters. FILE PHOTO: An Egyptian seller waits for customers to buy consumer goods, rice and oil at a popular market in Cairo, Egypt, January 18, 2023. REUTERS/Hadeer Mahmoud 2/5 By Mariam Rizk CAIRO (Reuters) – In better times, Om Mohamed’s family used to take holidays at resorts on Egypt’s Red Sea coast. Now […]
China property sector woes persist – new home prices fall again
Data for China’s December new home prices down 0.25% m/m down 1.5% y/y On Friday I posted on further support for the sector: China will loosen restrictions on Chinese developers’ financing with changes to the “Collective management system for real estate loans” on banks and also on the “Three Red Lines” policy. China will add […]